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Markets extend lossesThis summary was created by AI, based on 5 opinions in the last 12 months.
The experts have mixed opinions on BP PLC. Some believe that the company is facing difficulties in the face of renewable energy and question the decision to buy foreign. Others point out the company's efforts in buying back shares, reducing debt, and increasing dividends. There is also optimism about the energy space due to tight supply and the expectation of a recovery in oil price. Overall, the reviews suggest a cautious outlook on BP PLC.
Large-cap oil will continue to do well. Using capital in shareholder-friendly ways. Lots of accidents over the years. Buying this takes on currency risk. Lots of great Canadian companies to own instead. He owns CNQ.
He likes the energy space since there is a tight supply. You need to see a breakout above recent highs before buying. He prefers Shell on the international scale. Pays a 3.3% dividend.
One of the best performing major energy companies in the world.
Trades at cheaper price than other names in the sector.
Very good oil marketing & trading group.
Good capital allocation at company with share buybacks and debt reduction.
Expecting recovery of oil price going forward.
Buying back shares, increased dividend, paying down debt. Returning free cashflow to shareholders. Will continue to do that. Trying to be more environmentally friendly, but can't avoid that they're oil & gas. Capex will slowly go up. Throws up a lot of cash. Dividend is well supported.
Sell shares and buy Canadian energy instead.
Conventional oil production falling.
Misguided investments in renewables.
Not a good long term investment.
BP PLC is a American stock, trading under the symbol BP-N on the New York Stock Exchange (BP). It is usually referred to as NYSE:BP or BP-N
In the last year, 4 stock analysts published opinions about BP-N. 2 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for BP PLC.
BP PLC was recommended as a Top Pick by on . Read the latest stock experts ratings for BP PLC.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered BP PLC In the last year. It is a trending stock that is worth watching.
On 2024-04-18, BP PLC (BP-N) stock closed at a price of $37.92.
Depends on price of oil. Why buy foreign? Great oil companies in Canada like CNQ and SU, which do very well. Difficult environment in the face of renewables. Buying back shares, reducing debt, increasing dividend.